**Cabeltec SA Explores Investment Opportunities in India During Minister Goyal’s Visit**
**Meta Description:** Cabeltec SA’s Frederic Leuba discusses potential investments in India with Commerce Minister Piyush Goyal during his visit to Switzerland.
**URL Slug:** cabeltec-india-investment-opportunities
**Cabeltec SA Explores Investment Opportunities in India During Minister Goyal’s Visit**
On June 9, 2023, in Bern, Switzerland, Frederic Leuba, co-owner of Cabeltec SA, met with India’s Commerce Minister Piyush Goyal, who is currently on a two-day visit to Switzerland. The discussions centered around potential business opportunities in India, particularly in the cable and machinery sectors.
Leuba expressed interest in the possibility of establishing a factory and office in India, stating, “For the very fine wire, for the wire tech company, it would be more difficult…we have all the knowledge here. But for the cable industry, maybe we could have in mind to create a factory or an office there.” He noted that Cabeltec currently does not have a presence in India but is open to collaborating with local companies. “I cannot say where we already sold one machine, but I know some people in India, some friends in India, and I love the new people in India philosophy, and we have a very good impression to develop in the country,” he added.
Minister Goyal’s visit to Switzerland, part of a broader trip to both Switzerland and Sweden from June 9 to 13, 2023, aims to strengthen India’s strategic and economic partnerships with key European nations. The Ministry of Commerce and Industry highlighted that this visit is crucial for advancing robust trade and investment ties, supporting a shared vision for resilient global growth.
During his time in Switzerland, Goyal engaged with global CEOs and industry leaders to explore avenues for enhancing bilateral trade and investment. His itinerary includes focused meetings with prominent Swiss industry figures in sectors such as pharmaceuticals, life sciences, precision engineering, machine tools, and high-tech manufacturing. Additionally, he plans to connect with the ICAI Zurich Chapter and interact with Indian media.
A significant aspect of the visit will be a meeting with Federal Councillor Guy Parmelin, aimed at fostering strong trade and diplomatic relations. The high-level visit will also feature one-on-one meetings with leading Swiss companies, allowing Indian industry representatives to engage directly and explore specific collaboration opportunities. The day will culminate in participation in the Swissmem Industry Day and a Business Round Table with the Swiss Mechanical and Electrical (MEM) Industry, focusing on the potential arising from the India-EFTA Trade and Economic Partnership Agreement (TEPA).
**FAQ**
**What are the potential investment plans of Cabeltec SA in India?**
Cabeltec SA is considering establishing a factory and office in India, particularly in the cable industry, while exploring collaborations with local companies.
